February 26, 2018 / 11:20 AM / 24 days ago

Qualcomm proposes due diligence, price talks with Broadcom

Feb 26 (Reuters) - Qualcomm Inc urged peer Broadcom Ltd to enter into direct negotiations on a price for merging the two companies and said they had made progress on regulatory and other deal certainty issues at a meeting last week.

Qualcomm maintained that all of Broadcom’s previous offers materially undervalued the company.

“The Board encourages Broadcom to enter into mutual due diligence and price negotiations,” Qualcomm said. (Reporting by Sonam Rai in Bengaluru; Editing by Saumyadeb Chakrabarty)

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